Wall Street drops on stronger economic data signalling less stimulus

Equities on Wall Street closed lower on Tuesday after rising in last two trading sessions after a government data showed an improvement in economic situation in the country signalling a release of tight monetary policy over the next few months. The Dow Jones Industrial average fell 0.13% to 15,618.22, the S&P 500 Index slipped 0.28% to 1,762.97 and the Nasdaq Composite Index lost 0.08% to 3,939.86.